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Stock impact report

Billionaire Grifols Family's Woes in Focus After Brookfield Exit [Yahoo! Finance]

GRIFOLS SA S/ADR (GIKLY) 
Company Research Source: Yahoo! Finance
Asset Management's plan to take its troubled eponymous company private had been a way to turn it around — far from the glare of markets. Most Read from Bloomberg In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes In Italy's Motor City, Car-Free Options Are Growing New York City's ‘Living Breakwaters' Brace for Stormier Seas In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field But the New York-based money manager on Wednesday walked away, and the family said it won't back another such deal. Now, all the issues that have dogged Grifols SA over the last few years are front and center again — everything from a short seller's accusations of poor governance, lack of transparency and questionable asset shuffles to the company's debt-fueled acquisition binge and concerns about a potential cash crunch. “Some investors are likely to ask the question of how Grifols intends to address its out-year debt now that a potential take private deal is Show less Read more
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